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Use the Merger Arbitrage window to create a combination order for an anticipated merger between two companies.
To create a Merger Arb combo
Note: Pink fields are required.
The Scale market and order display feature scales the market data to display the price of the combination per share of acquiree, and the order price will also be entered and displayed in these units. This is checked by default. Note that if the calculated size of the acquiree is one, this checkbox has no effect.
The combo order as entered above, and then opened in Accumulate/Distribute looks like this:
The remainder of thewindow allows you to specify detailed and sophisticated order management criteria to help ensure that you receive the best price without being noticed.